Many in our community have asked why we built our credit card feature with PayPal as the only transaction processor. We believe PayPal has created the safest, easiest-to-use, and most cost effective platform for businesses and individuals to send and receive money. Accordingly, it is our belief that this method of electronic money exchange will become a widespread phenomenon over the coming years. PayPal is now a subsidiary of e-commerce leader, eBay (NASD: EBAY).
PayPal offers one of the safest platforms for online commerce with fraud rates at a fraction of those of typical e-commerce offerings.
PayPal offers ease and flexibility, accepting all major credit cards (Visa, Mastercard, Discover, and American Express), as well as all major debit cards and direct transfers.
PayPal offers low merchant rates with no set up or recurring costs.
Financially, PayPal has shown tremendous business fundamentals.
PayPal successfully completes over 1,000,000 transactions per day with over 70 million active accounts in 190 markets worldwide in 17 currencies.
PayPal is processing over $30 million in payments per day and has transacted over $20 billion in total payments since launching in 1999.
While virtually all technology companies have languished in these difficult economic times, PayPal has shown tremendous growth.
PayPal, and its parent company, eBay (NASD: EBAY), are both profitable.
